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Oh yes, oh yes. But, you see, the county tax receipts can’t go up if the sales prices are used.

If ( WHEN) “appraisal prices” go up, the ENTIRE NEIGHBORHOOD gets to pay more taxes after a single house in the neighborhood is sold.

131 posted on 12/31/2022 9:28:34 PM PST by Robert A Cook PE (Method, motive, and opportunity: No morals, shear madness and hatred by those who cheat.)

Oh yes, oh yes. But, you see, the county tax receipts can’t go up if the sales prices are used.

Sure they can. As homes are sold for more, the taxes go up. And if they really need more $$, they can vote on a tax increase. So the people have some control over this through their reps, whereas if taxes go up arbitrarily every year, the people have no control over that.

Besides, what extra functions is the city/school/county providing when these taxes go up on their own? If my taxes go up 10% every year, what additional benefit am I getting out of that? Why shouldn't my taxes be consistent and easily planned for year-after-year?